inflation

Millions of Ohioans facing home gas and electric rate hikes

BY: - June 28, 2022

Ohio utility companies have asked state regulators for permission to raise home gas, electric and water costs on more than 2.75 million Ohio customers. Those charges could be spread between customers of Columbia Gas, AES Ohio, Duke Energy, and Aqua Ohio. The utilities, all investor-owned, are collectively asking for another $400 million in annual charges. […]

Sen. Brown touts bipartisan firearms bill, other legislative progress

BY: - June 24, 2022

Ohio U.S. Sen. Sherrod Brown predicted quick passage for a bipartisan gun reform package negotiated by his colleagues in the wake of the Uvalde shooting. “We will pass the bill tonight or tomorrow,” Brown said Thursday. “We will get it. The House will pass it, I assume, quickly, and we will get it to the […]

Biden pitches a summer gas tax holiday as price hovers around $5 a gallon

BY: - June 23, 2022

WASHINGTON — President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year and aren’t expected […]

To combat ‘rash’ inflation, Ohio considers eliminating diaper tax

BY: - June 22, 2022

The following article was originally published on News5Cleveland.com and is published in the Ohio Capital Journal under a content-sharing agreement. Unlike other OCJ articles, it is not available for free republication by other news outlets as it is owned by WEWS in Cleveland.   A bipartisan bill in the Ohio House would eliminate the sales […]

COMMENTARY

Ohio politicians push regressive tax system while shedding crocodile tears over inflation

BY: - June 16, 2022

Inflation hurts the people who make the least money the most, as do supply-side, regressive tax systems. So the wailing over inflation by wealthy politicians refusing to help hungry families and burdening them with regressive taxes while giving hand-outs to the rich, rings pretty hollow. Inflation squeezes working and middle class families because money doesn’t […]

U.S. House Ag panel mulls safety net changes in farm bill amid soaring costs

BY: - June 13, 2022

WASHINGTON —   Members of the U.S. House Agriculture Committee are considering how to help farmers struggling with rising costs for fertilizer, fuel, seeds and chemicals — the unfortunate harvest of the war in Ukraine, strains on the global supply system, inflation and severe weather. A panel of the committee heard from agricultural economists Thursday, as lawmakers debate […]

Survey: Small business owners worry over inflation, labor shortfalls, supply chain

BY: - June 7, 2022

Ohio’s small business owners counted economic inflation, labor shortages and supply chain disruptions as the issue most concerning to their business, according to a recent survey. Some combination of these currents have caused roughly eight in 10 Ohio business owners to raise prices, according to a survey conducted by the National Federation of Independent Businesses. […]

Whaley promises inflation ‘rebate’ checks if elected

BY: - June 2, 2022

Democratic governor nominee Nan Whaley is promising $350 checks to help Ohioans manage the rising cost of gas, groceries and other essentials. But with some economists pointing to federal stimulus as one of the drivers of inflation, her plan may not sit well with them. Whaley’s plan would take the $2.68 billion in American Rescue […]

Ohioans go hungry as state sits on a huge stack of money

BY: - May 24, 2022

Some food banks are slashing the amounts of food they give people. At the same time, Ohio and many other states are sitting on enormous piles of cash, and a spokesman for Gov. Mike DeWine was vague last week when asked how the governor would like to use that money.

Biden tangles with Florida GOP Sen. Rick Scott: ‘I think the man has a problem’

BY: - May 11, 2022

WASHINGTON — President Joe Biden pledged Tuesday to make a fight against inflation his top domestic priority while rebuking Republican economic proposals he said miss the mark — zeroing in on Florida GOP Sen. Rick Scott. The president’s remarks at the White House came after Scott earlier in the day called on Biden to resign […]

COMMENTARY

Yes, US economy may be slowing, but don’t forget it’s coming off the hottest year since 1984

BY: - May 2, 2022

By D. Brian Blank, Mississippi State University The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal […]

U.S. Senate Republicans attack Biden on energy costs, regulations after new inflation report

BY: - March 11, 2022

Nebraska’s Deb Fischer and fellow U.S. Senate Republicans slammed President Joe Biden on Thursday for the sharp rise in consumer prices, calling for policy shifts to increase U.S. energy supply, roll back regulations and curb spending. The Bureau of Labor Statistics said Thursday the consumer price index rose nearly 8% in February over the same month in […]